Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs.

Future Technologies is to transform our lives for better or worse or the focus of this podcast.

Almost here means these technologies are now here and starting to be used.

Or just around the corner, for Bitcoin to artificial intelligence,

3D printing, blockchain, virtual reality, and more.

Hello everyone and welcome to Future Tech Podcast. I'm your host Juliet Lamar and we have with us today Jacob Andre he is the

CMO at Soma. Welcome Jacob. Thanks for having me Juliet.

Absolutely so give our listeners a little insight starting off with exactly what Soma is.

Okay, so Soma actually is a sort of acronym for Social Marketplace. That's where we derive the name and it is a

marketplace where users can buy and sell directly from each other. It has a few very

key features that make it really stand out and

that we think is going to make it very competitive and a big success and very disruptive

to what people are doing these days on traditional marketplaces or even what other

blockchain-based firms are trying to do.

Oh, all right, well let us know what those things are.

No, I'll just get right into it, okay. Get right into it, get right into it. know what

those things are. I'll just get right into it, okay. Get right into it, get right into it. Okay, so I think one

key thing is that we are, well first let's talk about a little bit about what problem we're trying to solve and one of the things we're seeing is that users

well to back up you know social trading has always had a big social component, you know, if you look way back to the

marketplaces of our ancestors. It's always been face to face. You typically know who you're trading

with or have some sort of a personal relationship that goes beyond the merely transactional.

You know, bartering and bargaining has always gone along with that as well. And then you fast forward to today and we've got these big e-commerce platforms that provide a lot more exposure to markets a lot more liquidity than our ancestors had, but they also bring a lot of depersonalization, a lot of times you're dealing with anonymous people, and just that social component is lacking.

...